National Bank of Canada (OTCMKTS:NTIOF) Stock Rating Lowered by Desjardins

Key Points

• Desjardins downgraded National Bank of Canada from “moderate buy” to “hold,” joining several other firms with neutral ratings. MarketBeat’s analyst consensus is now “Hold,” with one Buy rating and seven Hold ratings.
• NTIOF opened at $161.63, near its 52-week high of $171.47, with a $62.14 billion market capitalization and a P/E ratio of 19.76.
• Despite the cautious analyst sentiment, the bank beat quarterly expectations, reporting $2.36 in EPS versus the $2.29 estimate and revenue of $2.87 billion versus the $2.81 billion consensus.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) was downgraded by analysts at Desjardins from a "moderate buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

NTIOF has been the subject of a number of other reports. Zacks Research downgraded National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Raymond James Financial reiterated a "market perform" rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. National Bank Financial downgraded shares of National Bank of Canada from a "neutral" rating to a "hold" rating in a report on Tuesday. Canadian Imperial Bank of Commerce restated a "neutral" rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of National Bank of Canada in a report on Thursday, May 28th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, National Bank of Canada presently has an average rating of "Hold".

National Bank of Canada Stock Performance

NTIOF stock opened at $161.63 on Tuesday. The company has a market cap of $62.14 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. National Bank of Canada has a 1 year low of $103.35 and a 1 year high of $171.47. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. The stock's fifty day moving average price is $156.44 and its 200-day moving average price is $143.43.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.07. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%.The company had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.81 billion. On average, equities analysts forecast that National Bank of Canada will post 9.21 earnings per share for the current year.

National Bank of Canada Company Profile

National Bank of Canada OTCMKTS: NTIOF is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.

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